Biden-Harris administration announces rule to protect retirement savers’ interests by updating investmen....

23, 2024, applies when trusted financial services providers give compensated investment advice to retirement plan participants, individual retirement account owners and plan officials...

Retirement Security Rule: Definition of an Investment Advice Fiduciary

Employee Benefits Security Administration (EBSA) proposes new standards for retirement investment advice. Discover how it affects investors and providers.

Fact Sheet: Retirement Security Rule and Amendments to Class Prohibited Transaction Exemptions for Invest....

Meet a professional standard of care when making recommendations (give prudent advice); ; Never put their financial interests ahead of the retirement investor's when making recommendations (give loyal advice); ; Avoid misleading statements about conflicts of interest, fees, and investments;

Biden administration wants to kill ‘junk’ fees in retirement investments and adv

The Biden Administration on Tuesday will propose a rule requiring any financial adviser, broker or insurance agent who sells retirement investments and advice to only do so in the best interest of...

US Department of Labor announces proposed rule to protect retirement savers’ interests by updating defin....

The U.S. Department of Labor today announced that its Employee Benefits Security Administration has proposed a retirement security rule updating the definition of an investment advice fiduciary und...

Retirement Security Rule: What It Is and What It Means for Investors

The Retirement Security Rule states that anyone who provides investment advice for a fee to a retirement plan investor is considered a fiduciary.

FACT SHEET: President Biden to Announce New Actions to Protect Retirement Security by Cracking Down on Ju....

Close loopholes so that recommendations to purchase any investment product must be in the savers’ best interest. Under the Securities and Exchange Commission’s (SEC) Regulation Best Interest, advice to purchase securities like mutual funds must currently be in the saver’s best interest. However, the SEC’s authority and rule does not generally cover commodities or insurance products like fixed index annuities, which are often recommended to retirement savers. Instead, advice to purchase these insurance products is governed by state law, ...

Retirement Planning Advice & Strategies

Allstate can help you with retirement and investment planning. Whether you need advice, strategies or retirement planning services, Allstate has you covered.

Manchin, GOP senators move to overturn retirement investment planning rule

Sen. Joe Manchin (D-W.Va.) and a group of Republican senators are moving to overturn a retirement investment planning rule that was finalized by the Labor Department last month. The Labor Departmen...

Investment Solutions & Retirement Planning Services

PNC is focused on your long-term financial well-being with investment and retirement planning services including brokerage accounts, IRAs & mutual funds.